Can the Micro Focus share price keep climbing?

first_img See all posts by Zaven Boyrazian Zaven Boyrazian | Monday, 29th March, 2021 | More on: MCRO Image source: Getty Images Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. The Micro Focus (LSE:MCRO) share price has been on a downward trajectory since 2017, decreasing by more than 75%. But recently, it started to climb again. Over the last year, the Micro Focus share price has risen by 43%. And over the last six months, the growth is closer to 115%.What caused this recent surge? Why did the stock price fall in the first place? And should I be adding this business to my growth portfolio? 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential… Especially since I’ve found another growth stock that looks far more promising… Get the full details on this £5 stock now – while your report is free. Our 6 ‘Best Buys Now’ Shares Can the Micro Focus share price keep climbing?center_img Enter Your Email Address FREE REPORT: Why this £5 stock could be set to surge Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Micro Focus’s land-sliding share priceMicro Focus is a software and technology company. It serves over 40,000 customers worldwide and provides software solutions designed to assist in operating digital infrastructure. This includes application delivery, cyber-security, and AI-driven analytics. It currently has a portfolio of over 300 products that suit the needs of various industries, including pharmaceuticals, aerospace, and telecommunications.This vast collection of products has expanded over time, thanks to a series of strategic acquisitions. And at one point, Micro Focus was the UK’s largest technology company. So what went wrong?Acquisitive growth strategies are risky and Micro Focus learned the hard way. In 2017 it completed the acquisition of Hewlett Packard Enterprise’s software business for $8.8bn. Unfortunately, the deal, which was supposed to propel Micro Focus into a new growth era, turned into a disaster.The integration process was not as seamless as initially predicted and led to an additional $960m of exceptional expenses. What’s worse, since acquiring the business, total revenue has been declining at an alarming rate. Needless to say, this isn’t good news and appears to be the primary catalyst for Micro Focus’s collapsing share price. But is the company making a comeback?Reasons to be cheerfulTo fix the problems introduced with the Hewlett acquisition, the management team initiated a turnaround plan. Recently this has seemed to be having a positive effect. While total revenue is still falling, Micro Focus has slowed the fall faster than expected by analysts.The firm reported a massive $2.97bn loss for 2020. However, $2.8bn of that was a goodwill impairment charge, confirming that it overpaid for the Hewlett acquisition. This is a one-time expense, and if its effects are ignored, the company is at a similar level of underlying profitability as 2019.What’s more, its cash conversion ratio has increased from 0.95 to 1.13, indicating that internal investments are generating higher cash flows.This is good news. I feel. And it makes the recent boost to Micro Focus’s share price understandable.The bottom lineOverall, I think the worst might have passed, and it looks like the firm is finally getting back on track. Therefore, I believe the Micro Focus share price can continue climbing over the long term.But there is still a problem that has yet to be resolved — its debt. Today, the market capitalisation of Micro Focus is around £1.7bn. But its total debt sits closer to £4.9bn courtesy of the Hewlett acquisition. While the next loan maturity isn’t due until June 2024, that is still a massive bill that the company might struggle to pay in its current state.And so, for now, I’m going to wait and see how Micro Focus performs in 2021. Therefore, I’m not adding the stock to my portfolio today. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Zaven Boyrazian does not own shares in Micro Focus. The Motley Fool UK has recommended Micro Focus. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

PM House / Cadaval & Solà-Morales

first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/892351/pm-house-cadaval-and-sola-morales Clipboard Mexico Houses Save this picture!© Sandra Pereznieto+ 46Curated by Danae Santibañez Share Architects: Cadaval & Solà-Morales Area Area of this architecture project PM House / Cadaval & Solà-MoralesSave this projectSavePM House / Cadaval & Solà-Morales Projects PM House / Cadaval & Solà-Morales “COPY” Year:  Photographs:  Sandra PereznietoCollaborators:Eduardo Alegre, Nora Sevilla, David VazquezAuthors:Eduardo Cadaval, Clara Solà-MoralesLocal Architect:Juan CarralCity:Puerto MorelosCountry:MexicoMore SpecsLess SpecsSave this picture!© Sandra PereznietoRecommended ProductsDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteDoorsGorter HatchesRoof Hatch – RHT AluminiumPorcelain StonewareGrespaniaPorcelain Tiles- CoverlamWindowsAccoyaAccoya® Windows and DoorsText description provided by the architects. The plot is located at the edge of the mangrove swamp of Puerto Morelos, about fifty kilometers south of Cancun, at the Riviera Maya; beyond the mangrove are the unique colors of the Caribbean Sea. The property is surrounded by lush vegetation, typical of its watery condition. Nevertheless, with the height that the project grants to the future house, the sea will be seen, thus the views will be evolving from floor to floor: from the intense green to the clear blue of the sky and the water. Save this picture!© Sandra PereznietoThis will be the last of a series of row houses and will have a small backyard. Access is provided from this street, and although little transited at the moment, it has a public use. The architectural project wants to reinforce the neutral identity of the house towards the street, and prevent openings while concentrating all the magic to the interior. The domestic space is built around a staircase that qualifies the central space of the house and articulates the necessarily vertical character of the construction.Save this picture!Model – InteriorSave this picture!© Sandra PereznietoSave this picture!Model – StairsThe sculptural staircase serves as a backdrop to the living room, a diaphanous space whose height and proportions qualify it as the main and nodal space of the house; the living room, on its turn, is widely open to the garden, and to the lush vegetation. The house is closed completely towards the south, where the street is, but also to the sun, which becomes almost unbearable in these latitudes. The stair rests against this south façade and behaves as a structural spine that organizes the functioning of the house, and that leads you to all the rooms that open towards the north and to the views of the mangrove and the sea.Save this picture!Floor PlansThe rooms, located in the upper part of the house, are voluntarily plain and simple, just holding a bathroom and responding to the sole premise of orienting the bed to the views and always endowing them with a large terrace to benefit from living in the open air. In this way, the south facade of the house is hard, closed and opaque, while the north facade is more permeable and ductile. The construction and finishes of the house seek to be as austere as possible, using the simpler construction techniques such as load walls. All are painted in a continuous color. In the end, it is the space, with its opening to the mangrove, to the sea, the vegetation and to the white north light, the main protagonist of the house.Save this picture!© Sandra PereznietoProject gallerySee allShow lessOpen Call: CEMEX Awards Mexico 2018OpportunitiesIs Religious Architecture Still Relevant?Articles Share Area:  280 m² Year Completion year of this architecture project ArchDaily 2017 Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/892351/pm-house-cadaval-and-sola-morales Clipboard CopyHouses•Puerto Morelos, Mexico “COPY” CopyAbout this officeCadaval & Solà-MoralesOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesPuerto MorelosMexicoPublished on April 12, 2018Cite: “PM House / Cadaval & Solà-Morales” [Casa PM / Cadaval & Solà-Morales] 12 Apr 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StoneShowerhansgroheShowers – Croma SelectDoorsRaynorGarage Door – Advantage SeriesConcreteSika3D Concrete PrintingSignage / Display SystemsGoppionDisplay Case – Bre-ClassSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeWindowsswissFineLineSliding Windows in Villa LakesideSuspension SystemsMetawellAluminum Panels for Smart CeilingsGlassDip-TechDigital Ceramic Printing in Roofs & CanopiesSound BoothsFrameryMeeting Pod – Framery Q – Flip n’ FoldWall / Ceiling LightsAsaf WeinbroomLighting – Linestra 110 BrassMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Venezuelan President Maduro speaks to mass rally after provocations on border with Colombia

first_imgIf they get me, make revolutionIf one day you find out that they did something to me, go out into the street and make a socialist and proletarian revolution. Trump’s hatred is very great. He hates the peoples of Latin America, that’s why he wants to build the wall. Trump said that Venezuela is the country with which they should go to war, as one FBI agent announced. He wants to put an end to this beautiful experience of democratic revolution.Humanitarian aid is a trap. I speak to people of good will who believe the opposition wants to help Venezuela. They’re masking everything to get the military gringos in and steal our wealth for another hundred years. The problems must be solved among Venezuelans, without anyone interfering. They send rotten food. There are already two dead because of that. And they sent an amount that would not even reach 15,000 homes, and we have reached six million every month. It’s a bad show. It’s a rotten package. That’s the truth, and I’m not afraid or offended by the truth.They want to bring trucks with powdered milk, rice, meat — I’ll buy them for the popular markets tomorrow. For good we’ll do everything, for bad nothing. I have a list of 50,000 Venezuelans who want to return because of the ill-treatment in Chile or Colombia.Of course we have problems, we are in an economic war, but there is a protective state that takes care of the people. There is still a lot to build and neither Trump nor the fascist right will do it. We will solve the problems with the Bolivarian government holding the reins of the country. Never in 200 years has there been an onslaught like this one, so dirty and so sharp.Published in pagina12.com.ar on Feb. 23. Translation by WW managing editor John Catalinotto. Caracas, Feb. 23 — A massive mobilization is currently taking place here at the Miraflores Palace, the seat of the Venezuelan government, where the constitutional President Nicolás Maduro is announcing that the attempted coup d’état “has failed.”The march began this morning after a failed attempt to provoke violence on the Venezuelan-Colombian border.Following are some of the main points made by Maduro to the crowd:There are key guidelines, the most important of which is loyalty. The other is consciousness — defending the truth in each neighborhood, with arguments and with love. You will have to stay mobilized as long as possible.  Venezuela will win the peace. No one has ever fallen as low as President [Ivan] Duque of Colombia. I have decided to break off relations with Colombia. The people of Venezuela took to the streets to defend the civilian-military unity, saying “Yankees go home” to Donald Trump. Your combativity is impressive, along with the consciousness shown in your slogans. You are the invisible ones, the ones who never appear on gringo or international television.Let us be proud of our courage, of popular power. The invincible ones are  unstoppable, indestructible. The media refuse to show that we are the majority. We are Chávez’s children. The mobilizations are impressive. I congratulate Diosdado [Cabello]. In Zulia, Mérida, Táchira — from one end to the other, the Homeland is mobilized under the tricolor flag. This is peace with social justice and freedom with dignity.This is a battle for dignity in the face of those who want us to kneel before imperialism. We defend the dignity of the Homeland; this is no time for betrayal, it is a time for loyalty to the Homeland and to the supreme ideals of Venezuela. I am nourished by the loyalty of the people. I am stronger than before.Here, the sovereign people decideA month ago we met in Miraflores and I told them that the working-class president would continue to lead Venezuela. I am here because you are the ones who decide in Venezuela. Trump does not decide, nor do Ivan Duque’s pawns. Here, the sovereign people decides, and no one else.I swore to respect the Constitution and defend it — even with my life. I ask the opposition minority how far they will go to harm the country by betting on an invasion? I ask them, what have you achieved in 20 years of conspiracy? Why didn’t you call for elections after 30 days, if you have the power? I was the president in charge and I called elections in 30 days. Where is the announcement? We are waiting for the clown with a thousand faces to call elections. I challenge him, to see who has the votes.He has not appointed ministers, the coup has failed. The victory belongs to us. They are going to continue playing interventionism. Today they wanted one more show. Yesterday and today they had their show and they disrupted the border. They attacked a Chilean journalist and an officer — all my solidarity goes out to them. We are going to guarantee peace at the border, my heart does not skip a beat.They try to whitewash the military threat of a monster like Trump with a little song here and another there. It is traitors who sing to Trump. Trump himself acknowledges that he contemplates an invasion. I call for global solidarity, it is time for courageous voices to be raised. We tell Trump to get his hands off Venezuela. They talk about food aid — in all his life, who did Trump ever help?The coup was made against Chávez [in 2002] and with their heroic action, the people rescued him. The opposition has done everything, but they’ve never fallen so low as now. They have kidnapped the leadership of the opposition parties and they go after the embassy, they have no thought of their own. 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Flintridge Center Raising Funds to Help Community Members Start Careers

first_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Community News Flintridge Center Raising Funds to Help Community Members Start Careers From STAFF REPORTS Published on Wednesday, October 12, 2016 | 11:18 am Unemployment is the biggest barrier for community members leaving incarceration or gangs. When people can’t find lasting employment to support themselves and their families, it can be impossible to break out of the cycle of poverty, crime, and incarceration.Flintridge Center’s Apprenticeship Preparation Program readies formerly incarcerated and gang-impacted community members for careers in union construction trades, which offer livable wages and health and retirement benefits. Importantly, unions do not discriminate based on a person’s background. Flintridge Center’s program includes a comprehensive course covering construction math, blueprint reading, visits to unions, and hands-on construction experience. The program also includes life skills such as effective communication and anger management, along with case management, resume building, job search help, and job interview preparation. More information about the APP can be found at www.flintridge.org.Flintridge Center is raising money to provide the resources graduates need to be successful in unions – hard hats, vests, goggles, tape measures, hammers, other tools, and union dues. The summer semester of the program concluded last week, and graduates need these items to start their careers.Help create positive opportunities and transform lives by donating to Flintridge Center’s Tools For Career Success fundraiser at www.crowdrise.com/tools-for-career-success. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Community News Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business Newscenter_img 3 recommended0 commentsShareShareTweetSharePin it Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. HerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty15 Beauty Secrets Only Indian Women KnowHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautylast_img read more

Applications invited under the COVID 19 Emergency Fund

first_img Applications invited under the COVID 19 Emergency Fund Journey home will be easier – Paul Hegarty News, Sport and Obituaries on Monday May 24th WhatsApp Previous articleDeele College Leaving Cert students send positive message to fellow studentsNext articleShamrock Rovers squad take 25% pay cut News Highland Twitter WhatsApp Pinterest Facebook Arranmore progress and potential flagged as population grows Harps come back to win in Waterford Donegal County Council are inviting applications for a programme which provides funding to support community and voluntary groups involved in the delivery of COVID 19 community response efforts.The COVID-19 Emergency Fund, will provide immediate and urgently needed funding totaling €2.5 million. This will be available to groups who are participating in the government’s “Community Call” initiative which is being led by the Local Authorities in response to the COVID-19 pandemic.Donegal County Council has been allocated €81,759 to award as grants under the scheme.It is intended that the majority of the funding that is allocated will be ring fenced for grants of €1,000 or less.Seamus Neely, Chief Executive and Chairperson of the Covid-19 Donegal Community Response Forum welcomed the funding at this time which will greatly assist with the community effort currently being undertaken within the County. “The support being offered by local community and voluntary groups during this crisis is phenomenal and we are delighted to provide this funding to assist with costs associated with this work”Completed applications must be lodged not later than 3 p.m. Friday, 24th April.center_img Facebook Pinterest Twitter Google+ DL Debate – 24/05/21 RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Important message for people attending LUH’s INR clinic Google+ By News Highland – April 16, 2020 last_img read more

Homes evacuated in Derry following overnight fire

first_img By News Highland – May 8, 2020 WhatsApp Twitter Google+ Previous article€40M support package launched for community groups & charitiesNext articleDr Kevin Moran on the options for the safe return of sport News Highland Facebook Pinterest DL Debate – 24/05/21 Homepage BannerNews Google+ Some homes were evacuated in Derry overnight following the discovering of an electrical fire. The blaze broke out at the Benvarden Avenue in the Waterside close to a gas line in the area.The Chapel Road community centre was used a rest centre for those who had to leave their homes as a precaution.In a statement, Local Cllr Christopher Jackson said, thankfully NIE identified the fault and worked as quickly as they could to resolve it and residents were able to return to their homes. RELATED ARTICLESMORE FROM AUTHORcenter_img News, Sport and Obituaries on Monday May 24th Facebook Homes evacuated in Derry following overnight fire WhatsApp Journey home will be easier – Paul Hegarty Harps come back to win in Waterford Twitter Pinterest Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population growslast_img read more

Guantanamo detainee transferred to Saudi custody, 1st for Trump administration

first_imgiStock/Thinkstock(HAVANA) — The U.S. military announced Wednesday it has transferred the first detainee out of Guantanamo Bay prison during the Trump administration. Mohammed Ahmed Haza al-Darbi, who pleaded guilty to participating in a 2002 al-Qaeda attack on a French oil tanker off the coast of Yemen, was transferred from the U.S. detention facility in Cuba to his home country of Saudi Arabia to serve the remainder of his 13-year sentence.Al-Darbi agreed to testify against two other Guantanamo detainees as part of his plea deal.Forty detainees remain at Guantanamo Bay. News of the transfer came just one day after Defense Secretary James Mattis provided the White House with updated policies on transferring detainees.A Pentagon statement said the policy pertained to situations where detainees “present a continuing, significant threat to the security of the United States.”President Donald Trump signed an executive order in January to keep the detention facility at Guantanamo Bay open, and to reserve the right to house additional detainees. The executive order reversed a decision by President Barack Obama to close the controversial facility. Previously, the last detainees to be transferred out of the facility left during the final hours of the Obama administration.Trump’s executive order also gave the Pentagon 90 days to devise recommendations for how to deal with individuals captured in armed conflict, and review the criteria for transfer into Guantanamo Bay.President Trump’s order was blasted by groups that have on behalf of some Guantanamo detainees, including the American Civil Liberties Union.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

‘Serial Stowaway’ arrested again at Chicago airport trying to sneak past security

first_imgiStock(CHICAGO) — A woman known to police for trying to evade capture by airport security was arrested again at Chicago O’Hare airport, police said.Marilyn Hartman, known to authorities as the “Serial Stowaway,” was charged Saturday with a felony count of criminal trespass to a registered area at an airport, a spokesman for Chicago police told ABC News.Hartman had not yet made it through security when she was arrested, but allegedly she was trying to move TSA lane dividers to sneak by.She had been on probation for a 2018 incident in which she sneaked onto a London-bound flight from O’Hare, according to ABC Chicago station WLS-TV.Online records show she was sentenced to a minimum of 18 months in that case, but it’s unclear how long she actually served.When she was released, a Cook County judge warned her three times to stay away from airports, according to the Chicago Sun-Times.A police spokesman told ABC News that Hartman is infamous among police for trying to sneak through airport security.Hartman is due in court Sunday. She could not immediately be reached be ABC News for comment, and it’s unclear whether she’s retained an attorney.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Letters

first_imgThis week’s lettersHaving women in IT benefits all I am heartened to see the Government is finally encouraging women into ITwith the newly formed Champions Group (News, 22 January). The IT industry has been male dominated for too long. The number of women inIT is very low and, to my knowledge, the situation is not improving. Even whenwomen do join, they tend to take on traditional female roles, such as marketingor HR. The IT skills shortage is prevalent across many sectors, so there isplenty of opportunity for women to develop an exciting career. To help attract women, employers need to offer flexible workingarrangements. The IT industry is ideal for family life as departments can allowfor flexi-time or working from home. We also need to educate schoolgirls on thebenefits of the IT industry, as most view it as boring. This is an outdatedstereotype, with the IT sector having plenty to offer. Furthermore, many IT departments are missing out on skills that research hasshown that women are more likely to possess, such as communication skills andmulti-tasking. Carl Kemp Head of marketing, MSB International Atmosphere for happy workers The article ‘State of workplace hits staff productivity’ (News, 22 January)was a welcome investigation into the impact of work environments on staffmotivation. Office designs proved that cosmetically enhancing work environments was auseful weapon in the war for talent, but now the focus has shifted todelivering competitive advantage through the dynamics of the workplace. Productivity is impaired if employees don’t feel happy in their office. Butequally important for improved productivity is ease of communication betweenteams and departments. Staff need to be involved in work space development. Their knowledge andexperience will be imperative when developing the ideal environment. It shouldbe achieved through a carefully implemented consultation pro-cess thatencourages staff buy-in and fosters a sense of value. The way to exploit the correlation between productivity and environment isto ensure all aspects of the workspace are considered and aligned with thebusiness objectives. Richard Taylor Director, Corpra It’s people who live the brands The suggestion that City analysts should take human collateral intoconsideration when evaluating a company’s worth in ‘More than just a number’ isan interesting idea (Feature, 8 January). It is only recently that the City has accepted that brands have real valuefor an organisation and can contribute to the bottom line. It accepts that acompany is more than just bricks and mortar and that a strong, well-establishedbrand has value that should be factored into its valuations. If analysts accept brands contribute value to companies, they must acceptthat staff play a vital role in success. They make the brand proposition cometo life. Brands cannot thrive without staff who understand and buy into thebrand’s positioning, promote and nurture its identity and values. Andrew Johnson Sales and marketing director, Virgin Incentives Outsourcing is all about quality I take issue with the Editor’s opinion (8 January) that outsourcing isentirely driven by needs to cut costs. There are many other benefits – the mostimportant being an improved level of service for customers and staff. In these trying times where the challenge for organisations is to retaintheir best talent and keep workforces motivated, anything that allows HR toconcentrate on the softer aspects of their role – such as the development ofkey staff – is worthwhile. Also, by linking up with a reputable service provider the company gainsaccess to a wealth of expert knowledge and advice. This can result in improvedcustomer satisfaction levels and can help prevent costly mistakes. It does not mean loss of control. Systems can be implemented that allowclients to monitor and track procedures, maintain control and easily identifycosts. David Kneeshaw Chief executive, Propeller Comments are closed. LettersOn 12 Feb 2002 in Personnel Today Related posts:No related photos. Previous Article Next Articlelast_img read more

Closings underway at Queens’ tallest building

first_img Email Address* condoslong island cityResidential Real Estate Eric Benaim, CEO of Modern Spaces, said the incentives the brokerage offered to buyers and their agents changed every month to compensate for the tough market. Those incentives ranged from $5,000 gift cards for agents who brought in buyers, to having closing costs covered by the developer, Chris Jiashu Xu.Xu developed the tower alongside Risland US Holdings and FSA Capital, and financed the project with a $502 million construction loan from a consortium of lenders led by JPMorgan Chase.Prices for units in the building range from $600,000 to just over $3 million. Nest Seekers International’s new development arm is also marketing units in the building, according to the project’s website.Contact Erin Hudson Message* Tags Chris Jiashu Xu and Long Island City’s Skyline Tower. (Skyline Tower)The tallest building in Queens, Skyline Tower, is on its way to potentially breaking a record.About 41 percent of the 801 units in the Long Island City condominium are in contract, according to Modern Spaces, which has been handling marketing and sales at the building since 2018. The first set of closings began last month.The 67-story tower is aiming for a sellout of $1.09 billion, according to filings with the Attorney General’s office. It’s the first condo in the borough to try for a billion-dollar sellout.Selling units at the building is a tall order in and of itself, considering the glut of unsold condos in Long Island City. Last summer, nearly 60 percent of units built since 2018 were reportedly languishing on the market.ADVERTISEMENTRead morecenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Chris Xu’s record-breaking LIC condo tower aims for $1B sellout“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glutA luxury development in LIC is to blame for viral subway flooding video: MTA Share via Shortlink Full Name*last_img read more